Business Services Industry
SAUDI INVESTMENT BANK RAISES CAPITAL
Info-Prod Research (Middle East), March, 2004
According to Al-Jazirah newspaper (March 3, 2004), the Saudi Investment Bank raised its capital value to SR 1,375 million last February through issuing one stock for every existing 4 stocks. Consequently, the number of the bank's totals shares amounted to 27.5 million. The Saudi Investment Bank (SAIB) is a Saudi Arabian joint stock company established by Royal Decree no.
M/31 dated June 23, 1976. SAIB is a full service wholesale commercial bank specializing in financing the requirements of sophisticated private sector companies. SAIB provides a full range of personalized and professional banking services to financial institutions, corporations and individuals.
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